Tim Worstall

It is all obvious or trivial except…

 

 

Stunning finding!

November 10th, 2012 · 1 Comment

Net Wealth Shock in US, by Net Worth Percentile

From some to much to most of the stock of wealth of the poor and middle classes is in property equity.

Thus finding that the net wealth of the poor and middle classes falls after the biggest property bust in history is…..so terribly surprising, isn’t it?

Share

Tags: Economics

1 response so far ↓

  • 1 dearieme // Nov 10, 2012 at 11:59 am

    Our friend Wadders could amplify that, no prob.

Leave a Comment